Aberdeen Hydrogen Development Programme
Aberdeen City Council recently signed a joint venture agreement with bp to develop the Aberdeen Hydrogen Hub further. Initial phase involves delivery of a renewable production and transport refuelling facility powered by a solar farm, targeting first production from 2024.
Creating a hydrogen economy
Aberdeen is at the forefront of creating a hydrogen economy, with a megawatt stationary fuel cell powering its Event Complex and one of Europe’s largest fleet of hydrogen buses. Scotland is using its deep energy heritage to become a low carbon pioneer – the time to invest is now.
Aberdeen Hydrogen Hub demonstrates a positive return on investment with wider positive impacts on the national economy. Aberdeen City Council recently signed a joint venture agreement with bp to develop the Aberdeen Hydrogen Hub further. Initial phase involves delivery of a renewable production and transport refuelling facility powered by a solar farm, targeting first production from 2024.
Future phases could see production scaled up through further investment to supply larger volumes of green hydrogen for rail, freight and marine, as well as supply of hydrogen for heat and potentially export. This expansion will create investment opportunities within the wider Aberdeen Hydrogen Development Programme.
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Green investment sector
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Flexible investment
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Located in Aberdeen
Aberdeen is one of Europe’s pioneering hydrogen cities with an existing fleet of hydrogen-fuelled vehicles that is set to expand from 2020, creating an opportunity to attract investment in transport and infrastructure to deliver commercial scale renewable hydrogen production and supply.
The potential applications of hydrogen for decarbonisation of energy are wide ranging, with opportunities for use in heat, industrial energy demand and energy storage, as well as transport.
Aberdeen is uniquely placed to capitalise on this opportunity given the existing skills and technical capabilities of companies operating in the oil and gas sector.
The Aberdeen Hydrogen Programme will use renewable hydrogen across the transport sector and facilitate the application of zero-carbon fuel in domestic and commercial heat and industry in the region.
The potential economic benefits of being at the forefront of this transition are significant. There's potential to unlock new economic opportunities worth upwards of £700 million gross value add to Scotland’s economy by 2030, as well as thousands of high-value jobs in Aberdeen and the surrounding region.
Aberdeen has over five years of experience in delivering hydrogen infrastructure and transport projects with international and local partners.
The relative maturity of transport applications in the region mean that we can offer the best opportunities for private sector investment in hydrogen production and applications.
Given the current focus on low-carbon alternatives, hydrogen transport as well as industrial and heating application demand could grow significantly over the next decade and beyond.
Project activity and investment opportunities
Future phases of the Hydrogen Hub could see production scaled up through further investment to supply larger volumes of green hydrogen for rail, freight and marine, as well as supply of hydrogen for heat and potentially for export.
This expansion would be enabled by the expected increased availability of local renewable energy sources, including developments that emerge from the ScotWind offshore wind developments.
Alignment to the United Nation’s Sustainable Development Goals
The Green Investment Portfolio support the UN’s Sustainable Development Goals. The projects in the portfolio support the goals below:
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Disclaimer
Whereas every effort has been made to ensure that the information in these pages is accurate, Scottish Enterprise and Scottish Development International does not accept any liability for errors, omissions or misleading statements. And no warranty is given, or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Investors will need to undertake their own due diligence in conjunction with individual project promoters/sponsors in relation to the detailed project investment opportunities presented.